Finnish pulp and paper maker UPM said on Tuesday it has decided to go ahead with its plans to build a new pulp plant in Uruguay and it will invest around $3 billion (£2.41 billion) in the project.
Finnish paper firm Stora Enso reported a bigger than forecast fall in quarterly profits on Friday and said it expected demand to deteriorate due to global trade tensions and Britain potentially crashing out of the European Union.
Finnish utility Fortum beat second-quarter profit expectations on Friday, boosted by higher power prices and a rise in electricity generation volumes, and said it was continuing talks with bid target Uniper's management.
HELSINKI/COPENHAGEN Nordea , the biggest bank in the Nordics, said it would review its financial targets in coming months, as the region's lenders struggle with weak growth at home and rising compliance costs from money laundering scandals overseas.
HELSINKI Finland's Wartsila Oyj missed second-quarter forecasts on Thursday and warned that it expected demand to weaken for both its marine and energy businesses, sending shares in the engineering firm to a three-year low.
HELSINKI Finnish engineering group Metso is merging its main minerals technology business with smaller rival Outotec, Metso said on Thursday, sending shares in both companies higher.
HELSINKI, July 4 Finnish engineering group Metso
is merging its main minerals technology business with
smaller rival Outotec, Metso said on Thursday,
sending shares in both companies higher.
HELSINKI Euro zone inflation remains unacceptably low and the European Central Bank will ease policy further if necessary to boost price pressures, policymakers said on Monday, just weeks after ECB chief Mario Draghi hinted at more stimulus.
HELSINKI/NEW YORK About a dozen rural U.S. telecom carriers that depend on Huawei for network gear are in discussions with its biggest rivals, Ericsson and Nokia, to replace their Chinese equipment, sources familiar with the matter said.
TALLINN Estonia's Bolt, which until early 2019 was called Taxify, will on Tuesday re-enter the competitive London taxi market, promising cheaper rides to passengers and a better cut to drivers than its bigger global rival Uber Technologies Inc.